ITT Q1 revenue rose 33% to $1.2 billion, but GAAP EPS fell 33% to $0.89
ITT reported first-quarter 2026 revenue of $1.2 billion, up 33% (11% organic), with GAAP EPS of $0.89, down 33.1%, and adjusted EPS of $1.98, up 25%. The company also initiated full-year 2026 GAAP EPS guidance of $4.15 to $4.45, down 30%, and adjusted EPS guidance of $7.70 to $8.00, up 9% at the midpoint, after the SPX FLOW acquisition closed.
Key points
- Q1 revenue $1.2 billion, up 33% from $913.0 million; operating income $141.2 million, down 6.4%
- GAAP EPS $0.89 versus $1.33; adjusted EPS $1.98 versus $1.58, a 25.3% increase
- Net cash from operating activities $39.9 million, down 64.8%, including $71 million of one-time acquisition-related payments
- 2026 free cash flow now expected at $540 million to $580 million; quarterly dividend of $0.386 per share payable July 6, 2026
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.